logging in or signing up Ch7 aSGuest84358 Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 49 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 31, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Slide 1: Chapter 7 Consumer Decision Making Slide 2: 7.1 A model of consumer decision making Memory Product knowledge and involvement Information in the environment Interpretation Exposure, attention, and comprehension Knowledge and beliefs Integration Attitudes and intentions Behavior Consumer decision making Slide 3: Problem recognition Search for relevant info Evaluation of alternatives Choice decisions Purchase Post-purchase use and reevaluation 7.2 A generic model of consumer problem solving Slide 4: All brands in a product class Unknown brands Known brands Brands found accidentally Brands found through search Evoked set Unrecalled brands Consideration set of brand choice alternatives 7.3 Forming a Consideration Set of a Brand of Alternatives Slide 5: 7.4 Compensatory Processes Multi-attribute model A perceived weakness or negative evaluation on one criterion can be compensated for by a positive evaluation on another criterion. Separate evaluations for each choice criterion are combined (added or averaged) to form an overall evaluation of each alternative. The highest rated alternative is chosen. Slide 6: 7.5 Non-compensatory Processes Conjunctive Accept alternative only if each criterion equals or exceeds the minimum cutoff level. A product is acceptable only if it exceeds the minimum level on at least one criterion Crank criterion from most to least important and choose best alternative on most important criterion Select one criterion and eliminate alternatives that don’t exceed it’s established cutoff level. Continue eliminating until one alternative remains. Disjunctive Lexicographic Elimination by aspects Slide 7: 7.6 Combination Processes Mix of compensatory and non-compensatory processes, combined or “constructed” on the spot to adapt to environmental factors Slide 8: 7.7 Examples of Consumer Heuristics Search Heuristics Store selection Sources of information Source credibility If you are buying stereo equipment, always go to Sam’s Hi-Fi If you want to know which alternatives are worth searching for, read test reports in Consumer Reports If a magazine accepts advertisements from the tested products, don’t believe its product tests Slide 9: 7.8 Examples of Consumer Heuristics, cont.. Evaluation Heuristics Key criteria Negative criteria Significant differences If comparing processes foods, examine sodium content. If a salient consequence is negative, give the choice criterion extra weight in the integration process. If alternatives are similar on a salient consequence, ignore that choice criterion. Slide 10: 7.9 Examples of Consumer Heuristics, cont.. Choice Heuristics Works best Bought last Price-based rule Chooses the product that you think works best - that provides the best level of performance Select the alternative you used last, if it was satisfactory Buy the least expensive (or the most expensive, depending on your belief about relationship between price and product. If choosing among familiar products... Slide 11: 7.10 Examples of Consumer Heuristics, cont.. Choice Heuristics Wait and see Expert consultant Don’t buy any software until someone you know has used it for a month and recommends it. Find an expert or more knowledgeable person, have him or her evaluate the alternatives in terms of your goals, then buy the alternative the expert selects. If choosing among unfamiliar products You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.